Advertisement
Singapore markets closed

  • Straits Times Index

    3,274.86
    -12.89 (-0.39%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,105.75
    +26.89 (+0.33%)
     

  • Bitcoin USD

    64,432.20
    +336.79 (+0.53%)
     

  • CMC Crypto 200

    1,389.58
    -6.95 (-0.50%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,360.90
    +18.40 (+0.79%)
     

  • Crude Oil

    83.60
    +0.03 (+0.04%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

No major conditions on Renault's state-backed loan, chairman says

Reuters
·1-min read
Chairman of Renault SA Jean-Dominique Senard attends a news conference at French carmaker Renault headquarters in Boulogne-Billancourt

PARIS (Reuters) - France has not attached any major conditions to a 5 billion euro ($5.6 billion) state-backed loan for Renault, the carmaker's chairman said on Tuesday, although the finance minister called on the company to hold "exemplary" talks with unions.

Renault <RENA.PA> last week unveiled plans to cut about 15,000 jobs worldwide, including 4,600 in France where the company will seek voluntary departures and use retirement schemes.

The announcement sparked weekend protests at some factories, including at Maubeuge in northern France, although Renault Chairman Jean-Dominique Senard has pledged the site will not be closed.

Finance minister Bruno Le Maire said on Tuesday the government wanted Renault's northern France sites to become "centres of excellence".

ADVERTISEMENT

Senard also told franceinfo radio that Renault aimed to present a new strategic plan, including the vision for its brands, by the end of the year, after a new CEO comes on board.

(Reporting by Sarah White; Writing by Matthieu Protard; Editing by David Goodman and Mark Potter)